Updated Sep 9, 2024
Richard Nassimi's The Nassimi Group Leases SFR In SoHo For $77/ft
35 Spring Street, New York City, New York 10012, United States
Building Size
5,005 SF
Asset Type
Single Family Residence
Closing
Jan 1, 2022
About this deal
AI
Located in the heart of SoHo, this single-family residential property at 35 Spring Street has recently been leased. The transaction was facilitated by broker Richard Nassimi of The Nassimi Group. The leasing deal was finalized on January 1, 2022.
Summary of transaction details:
- Property Type: Single-Family Residential
- Address: 35 Spring Street
- Market: SoHo
- Broker: Richard Nassimi - The Nassimi Group
- Asking Rent: $77 per square foot
- Size: 5,005 square feet
The property, captured in an image by Richard Nassimi, boasts an ideal location in the trendy SoHo neighborhood. With an asking rent of $77 per square foot, this single-family residential property spans across 5,005 square feet. Richard Nassimi of The Nassimi Group played a key role as the broker representing the parties involved in this leasing transaction.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93